Property, plant and equipment consist of the following:

 

December 31,   2025     2024  
             
Land and improvements   $ 3,333     $ 2,826  
Buildings and improvements     83,368       76,153  
Machinery and equipment     352,353       333,365  
Dies and tools     67,745       65,278  
Property, plant and equipment     506,799       477,622  
Less allowances for depreciation     (426,702 )     (406,373 )
Net property, plant and equipment   $ 80,097     $ 71,249  
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Historical Timeline

Fiscal YearFiled
2025Mar 2, 2026Showing above
2024Feb 19, 2025
2023Feb 21, 2024
2022Feb 22, 2023
2021Feb 23, 2022
2020Feb 17, 2021
2019Feb 20, 2020
2018Feb 20, 2019
2017Feb 21, 2018
2016Feb 22, 2017
2015Feb 24, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.